Economy

Economy News

Treasuries Resurgent After Post-ECB Blip, Taking Yields Below 3%

(Bloomberg) — US Treasury yields tumbled after weaker-than-expected economic data reversed early selling pressure in the wake of a half-point rate hike by the European Central Bank. The five-year yield.

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Economy News

ECB goes big with 50 basis-point hike, ending negative rates era

(Reuters) – The European Central Bank on Thursday delivered its first interest rate hike in over a decade, joining other major central banks in the race to get on top.

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Economy News

Baidu unveils autonomous vehicle without steering wheel

BEIJING (Reuters) -China’s search engine giant Baidu Inc (NASDAQ:BIDU) on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for.

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Business Economy News

Blackstone warns asset sales will slow amid downturn, shares fall

By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc, the world’s largest alternative asset manager, posted an 86% surge in second-quarter distributable earnings on Thursday but warned that the asset sales.

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Economy News

Italy leads bond selloff as ECB hikes rates and assesses new tool

By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – Italy led a selloff in southern European bonds on Thursday, after the European Central Bank delivered its first interest rate hike.

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Economy News

Private equity firms pounce to take companies private

By Patturaja Murugaboopathy and Chibuike Oguh (Reuters) – More private equity firms are taking companies private, as lower corporate valuations make it easier to lure businesses away from the stock.

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Business Economy News

Baidu unveils autonomous vehicle without steering wheel

BEIJING (Reuters) -China’s search engine giant Baidu Inc (NASDAQ:BIDU) on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for.

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Economy News

China fines Didi Global $1.2 billion for violating data security laws

SHANGHAI (Reuters) -China’s cybersecurity regulator said on Thursday it has fined Didi Global Inc 8.026 billion yuan ($1.19 billion), concluding a probe that forced the ride-hailing giant to delist from.

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Economy News

Exclusive: Taiwan central bank seen making ‘timely’ adjustments, but not sudden off-cycle hike

By Liang-sa Loh TAIPEI (Reuters) – Taiwan’s central bank will make timely adjustments to monetary policy considering both global moves and domestic economic performance, but is not in a rush.

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Business Economy News

Japan posts $10 billion trade gap in June as energy imports surge

By Daniel Leussink TOKYO (Reuters) – Japan ran a trade deficit for the 11th straight month in June as high energy and other commodity costs pushed up imports, highlighting growing.

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